The rise of cultural governance has made cultural democracy important in East Asia. South Korea and China have chosen to develop cultural democracy by means of developing…
Abstract
Purpose
The rise of cultural governance has made cultural democracy important in East Asia. South Korea and China have chosen to develop cultural democracy by means of developing community-based cultural houses. Cultural houses in Korea were first managed from the center but have now been decentralized, and those in China have been developed based on local financing and administration. Since central-local intergovernmental relations, as they relate to public culture, have gone untouched in East Asia, the purpose of this paper is to study how central-local intergovernmental relations have impacted the development of cultural democracy in this area, in order to better understand how public culture should be developed.
Design/methodology/approach
A comparative study of the cases of South Korea and China has been used. The materials and information collected for the study were gathered by a review and an analysis of extant literature, policy documents, data and other materials from the relevant departments of both countries. It was also based on semi-structured interviews conducted with the national cultural departments, regulatory institutions, and with officials and scholars.
Findings
This study shows that central-local intergovernmental relations can have an impact on the management of community-based cultural houses and the effectiveness of cultural democracy’s development. Only complete decentralization that directly invites democratization will provide positive local conditions for cultural democracy’s growth. In short, meaningful governmental responses to local demands and a strong civil society are critical for the advancement of cultural democracy.
Practical implications
This study seeks to provide insights into the relationship between central-local intergovernmental relations and cultural democracy. At the micro project level, cultural project management should be improved; at the medium local level, the public must be made part of any decentralization effort; and at the macro national level, the multiple impacts caused by decentralization need to be considered.
Originality/value
This study is unique in terms of both its research questions and its research area. Central-local intergovernmental relations, as they relate to public culture, have gone comparatively untouched, especially in the context of East Asia. It is in this context that studying how central-local intergovernmental relations impact the development of cultural democracy is worthwhile, in order to better understand how public culture has developed and will be developed in future. A comparative study of the cases of South Korea and China has been used to discover the impacts of different dimensions of central-local decentralization on cultural development.
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Huawei Zeng, Qiao Jie, Zeng Xin, Xu Dayong, Xiong Minghua, Li Feng, Sun Jianfan, Jiang Xuan and Dai Chuanyun
Monascus pigment was widely applied in food processing industry as functional additive, so more attention was paid to the fermentation optimization of pigment production…
Abstract
Purpose
Monascus pigment was widely applied in food processing industry as functional additive, so more attention was paid to the fermentation optimization of pigment production. Therefore, this paper aims to evaluate the best possible fermentative conditions for maximum production of biopigment using submerged fermentation (SFM) and solid state fermentation (SSF) by Monascus purpureus HBSD 08.
Design/methodology/approach
The biopigment was produced by using an SMF and an SSF with optimized substrate to achieve higher yield. The antioxidant activity was evaluated by DPPH radical scavenging ability, superoxide anion radical scavenging ability and hydroxyl radical scavenging ability. The pigment composition was analyzed by thin layer chromatography.
Findings
Maximum Monascus pigment production (79.6 U/ml and 1,102 U/g) were obtained under an SFM and an SFF. The antioxidant activity of the pigment in an SFM was significantly higher than that in an SFM. The composition of pigment was not different in an SFM and an SFF.
Originality/value
The study developed new conditions, and Monascus strain was a candidate for producing pigment in an SFM and an SFF. To the authors’ best knowledge, this is a first attempt toward comparative evaluation on antioxidant capacity and composition between pigment in an SSF and an SFM. This result will serve for Monascus pigment production.
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While earlier acquisition research often focused on either the acquirer or the target side of analysis, recent work has increasingly emphasized the need to understand the dyadic…
Abstract
While earlier acquisition research often focused on either the acquirer or the target side of analysis, recent work has increasingly emphasized the need to understand the dyadic interrelationship between the target and the acquirer. This review aims at synthesizing research progress in the area of target–acquirer interrelationships and understanding what questions remain unanswered. The author organizes this review into three dimensions of target–acquirer interrelationship: (a) their relative attributes (what both parties are relative to each other), (b) their connections (what both parties have with each other), and (c) their interactions (what both parties do to each other). Based on the review, the author then identifies critical research gaps and opportunities for developing a more comprehensive understanding of the interrelationship between the target and the acquirer in acquisitions.
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Hsiu-Chen Fan Chiang, Pei-Xuan Jiang and Chia-Chien Chang
We empirically investigate the forecasting ability of USD-INR exchange rate volatility models by considering Google Trends data. Within a multiple regression framework, we use…
Abstract
We empirically investigate the forecasting ability of USD-INR exchange rate volatility models by considering Google Trends data. Within a multiple regression framework, we use historical volatility and liquidity measures to build our benchmark volatility model (Chandra & Thenmozhi, 2014). Moreover, we extend Bulut (2018) to incorporate indexes for 15 keywords (price-related, income-related, and liquidity-related) from Google Trends data into our benchmark volatility model to evaluate the forecasting ability of the models. Our results indicate that Google Trends data can improve volatility prediction and that among the groups of keywords that we consider, the price-related keywords have the best forecasting ability. Incorporating data on searches for “prices” into the model produces the highest reduction in the forecasting error: a 22.75% decrease compared to the level in the benchmark model. Hence, these empirical findings indicate that Google Trends data contain information that influences exchange rate movements.
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This study aims to examine the impact of CEO age on corporate financialization by considering the moderating effects of CEO gender, identity and tenure in this relationship.
Abstract
Purpose
This study aims to examine the impact of CEO age on corporate financialization by considering the moderating effects of CEO gender, identity and tenure in this relationship.
Design/methodology/approach
The analyses use ordinary least squares across 213 nonfinancial firms listed in Bursa Malaysia throughout 2015–2021. The author addresses potential endogeneity through propensity score matching and the generalized method of moments. The results are also robust to alternative measures of corporate financialization and CEO age.
Findings
The results show that firms with young CEOs are more likely to avoid taking short-term financial investments and, as a result, inhibit corporate financialization. Furthermore, the findings indicate that firms with female CEOs and those with family members as CEOs are less likely to invest in financial assets. The results also show that corporate financialization is weakened in the early stages of CEO tenure and strengthened in the late stages.
Practical implications
The empirical results have useful policy implications. For researchers, this study finds prominent differences in corporate financialization related to each stage of a person’s career. The study findings can be used by policymakers to guide programs that attempt to undertake the necessary measures to optimize corporate governance standards and restrict managers’ shortsighted conduct. In the long run, these kinds of projects could improve the way surplus financial reserves are used and raise economic output in general. The study also provides investors with insightful information about the possible relationship between CEO traits and company performance, especially with regard to measures for financial resource allocation.
Originality/value
This paper expands the existing research on corporate investment behavior and provides a new theoretical basis for the underlying factors of corporate financialization. It studies the influence of managerial traits on corporate financialization and deepens the understanding of CEO age and companies’ financialization levels.
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Xue Nan, Xuan Chao Huang, Mengyao Huang, Xuefan Wang, Youping Zhu, Yayun Li, Shifei Shen and Ming Fu
The present study assesses the impact resistance of the shear thickening fluids-filled (STFs-filled) foam through drop-hammer impact tests.
Abstract
Purpose
The present study assesses the impact resistance of the shear thickening fluids-filled (STFs-filled) foam through drop-hammer impact tests.
Design/methodology/approach
The maximum residual impact load and specific impact energy absorption rate of STF-filled foam are studied with varying thickness (4–14 mm), densities (0.35–0.6 g/cm3) and hardness (40–50 Rockwell Hardness C Scale (HRC)) under different ambient temperatures (−20−20 °C) and impact energies (25–75 J).
Findings
The following conclusions are obtained from this study: (1) the higher the impact energy, the greater the maximum residual impact force and energy absorption efficiency of the material; (2) the impact resistance of STF-filled foam can be improved with the decrease of ambient temperature, achieving the highest energy absorption rate at −10?. (3) STF-filled foam substrate has the highest impact resistance, the lowest maximum residual impact force and the highest energy absorption coefficient when the density is 0.35 g/cm3, the hardness is 45HC and the thickness is 10 mm.
Originality/value
This is the first paper to analyze the impact of both environmental factors and material properties on the impact resistance of STF-filled foam. The results show that the decrease in temperature and the increase in hardness can enhance the impact resistance of STF-filled foam.
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Established on the detailed exploration of Chinese ancient management philosophies (CAMPs), the purpose of this paper is to extract enlightenments from CAMPs to see whether there…
Abstract
Purpose
Established on the detailed exploration of Chinese ancient management philosophies (CAMPs), the purpose of this paper is to extract enlightenments from CAMPs to see whether there exist some similarities between CAMPs and contemporary human resources management thoughts (CHRMTs) and pinpoint CAMPs' implications on human resource management practices nowadays.
Design/methodology/approach
Inspired by Lao Tzu's “When we can lay hold of the Dao of old to direct the things of the present day, and are able to know it as it was of old in the beginning, this is called (unwinding) the clue of Dao”, the paper explores, categorizes and integrates wisdom stemmed from CAMPs to evaluate whether there exist some commonly accepted arguments between CAMPs and CHRMTs.
Findings
CAMPs which have been passed on by generations for the past 2,500 years in China provide firm ground for human resources management thoughts and practices development; CAMPs' emphasis on people's well cultured morality and highly developed virtues has kindled a light to illuminate human resources management practices, not only in the past but also in the future. CHRMTs' principles concerning “people‐centered strategies”, employee recruitment and selection strategies, employee training and education strategies, staffing as well as employee retention strategies, can all trace their sources from CAMPs.
Originality/value
The research on CAMPs is not only significant to complement and extend CHRMTs but also useful to direct current human resource management practices.
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Andrew A. Adams, Kiyoshi Murata, Yasunori Fukuta, Yohko Orito and Ana María Lara Palma
A survey of the attitudes of students in eight countries towards the revelations of mass surveillance by the US’ NSA and the UK’s GCHQ has been described in an introductory paper…
Abstract
Purpose
A survey of the attitudes of students in eight countries towards the revelations of mass surveillance by the US’ NSA and the UK’s GCHQ has been described in an introductory paper and seven country-specific papers (The People’s Republic of China and Taiwan are combined in a single paper). This paper aims to present a comparison of the results from these countries and draws conclusions about the similarities and differences noted.
Design/methodology/approach
A questionnaire was deployed in Germany, Japan, Mexico, New Zealand, The People’s Republic of China, Spain, Sweden and Taiwan. The original survey was in English, translated into German, Japanese and Chinese for relevant countries. The survey consists of a combination of Likert scale, Yes/no and free-text responses. The results are quantitatively analysed using appropriate statistical tools and the qualitative answers are interpreted (including, where appropriate, consolidated into quantitative results).
Findings
There are significant differences between respondents in the countries surveyed with respect to their general privacy attitudes and their willingness to follow Snowden’s lead, even where they believe his actions served the public good.
Research limitations/implications
Owing to resource limitations, only university students were surveyed. In some countries (Germany and New Zealand), the relatively small number of respondents limits the ability to make meaningful statistical comparisons between respondents from those countries and from elsewhere on some issues.
Practical implications
Snowden’s actions are generally seen as laudable and having had positive results, among the respondents surveyed. Such results should give pause to governments seeking to expand mass surveillance by government entities.
Originality/value
There have been few surveys regarding attitudes to Snowden’s revelations, despite the significant press attention and political actions that have flowed from it. The context of attitudes to both the actions he revealed and the act of revelation itself is useful in constructing political and philosophical arguments about the balance between surveillance activity for state security and the privacy of individual citizens.
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Rama Rao Narvaneni and K. Suresh Babu
Software reliability growth models (SRGMs) are used to assess and predict reliability of a software system. Many of these models are effective in predicting future failures unless…
Abstract
Purpose
Software reliability growth models (SRGMs) are used to assess and predict reliability of a software system. Many of these models are effective in predicting future failures unless the software evolves.
Design/methodology/approach
This objective of this paper is to identify the best path for rectifying the BFT (bug fixing time) and BFR (bug fixing rate). Moreover, the flexible software project has been examined while materializing the BFR. To enhance the BFR, the traceability of bug is lessened by the version tag virtue in every software deliverable component. The release time of software build is optimized with the utilization of mathematical optimization mechanisms like ‘software reliability growth’ and ‘non-homogeneous Poisson process methods.’
Findings
In current market scenario, this is most essential. The automation and variation of build is also resolved in this contribution. Here, the software, which is developed, is free from the bugs or defects and enhances the quality of software by increasing the BFR.
Originality/value
In current market scenario, this is most essential. The automation and variation of build is also resolved in this contribution. Here, the software, which is developed, is free from the bugs or defects and enhances the quality of software by increasing the BFR.
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Chun-Mei Kai, Feng-Jun Zhang, Cong-Liang Cheng and Qian-Bao Chen
The purpose of this paper is to study the influence of different factors on mud performance, find the best conditions and synthesize a new type of anti-collapse drilling polymer…
Abstract
Purpose
The purpose of this paper is to study the influence of different factors on mud performance, find the best conditions and synthesize a new type of anti-collapse drilling polymer mud with higher stability. The anti-collapse mechanism of drilling polymer mud was also suggested.
Design/methodology/approach
Exploring the influence of different molecular weight thickeners, filtrate reducers, soda ash addition and film-forming components on the mud performance, so as to obtain the best ratio of anti-collapse drilling polymer mud.
Findings
The results show that the use of vegetable glue, sulfonate copolymer and vegetable fiber powder can synthesize a high-viscosity, high-stability, collapse-resistant mud. When the mass ratio of vegetable fiber powder: vegetable glue: sulfonate copolymer is 40:1:2, the mud viscosity is 21.2 s, the fluid loss in 30 min is only 12.5 mL, and the mud film thickness is 1.5 mm, which is one ideal anti-collapse polymer mud.
Originality/value
Compared with ordinary polymer mud and bentonite mud, this anti-collapse polymer mud not only uses vegetable glue instead of traditional tackifiers but also effectively uses vegetable fiber powder produced from waste wood, which is environmentally friendly and highly stable specialty. It can effectively improve the safety and quality of construction during drilling in water-sensitive geology.